We shouldn’t be too surprised, but according to a new Bild + report, Bayern Munich will not distribute bonds this year as a result of the financial impact of the coronavirus pandemic.
The club’s CEO Karl-Heinz Rummenigge and vice president Jan-Christian Dreesen made the decision not to pay the distribution of profits to the club’s employees. This season’s club earnings are expected to be less than projected, even if they continue and win the DFB-Pokal and the Champions League. The closure of the coronavirus has caused too many financial difficulties for Bayern to pay bonuses, and the club also donated its Champions League television money to a collective boat for the DFL to use together with the other Bundesliga clubs in the competition.
At this time, the decision is not technically final by Bayern’s executive board, but it is suggested that Rummenigge and Dreesen’s opinion on the matter will not face serious objections. The board expects to see the final financial numbers for the season before proceeding with the no-bond motion. There is a mutual understanding that will take place for everyone in the club.
Normally everyone is paid a monthly salary at the club, which is then adjusted according to the financial successes of FC Bayern München AG, not strictly according to the titles won. Even the player salary cuts have not been enough to compensate. The good news, however, is that no one has been fired or had his hours reduced at Bayern Munich.
